EverSource Capital and the National Investment and Infrastructure Fund of India’s Partnership with CDC Group in Ayana Renewable Power


Khaitan & Co advised Green Growth Equity Fund and National Investment and Infrastructure Fund on the transaction

EverSource Capital – through its fund Green Growth Equity Fund – and the National Investment and Infrastructure Fund of India signed a $330 Million partnership with CDC Group in Ayana Renewable Power, the renewable energy platform founded by CDC.

Ayana was launched to develop utility scale solar and wind generation projects across growth states in India. It is currently constructing 500MW of solar generation capacity with a strong future pipeline of renewable energy opportunities. With a management team that has a track record of successful execution of renewable energy projects, Ayana is well placed to play an important role in India’s ambition to build 175 GW of renewable energy capacity.

Khaitan & Co advised Green Growth Equity Fund and National Investment and Infrastructure Fund on the transaction with a team including Akhil Bhatnagar (Picture), Samridha Neupane, Rahul Rajendra Mishra and Jagata Swaminathan.

Involved fees earner: Akhil Bhatnagar – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Eversource Energy; National Investment and Infrastructure Fund;